AllMortgageDetail - Mortgage Application Details

Embrace Home Loans, Inc.
Mortgage Loan Application
Totals and Details
for 2014

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Mortgage Company & Address Embrace Home Loans, Inc.
25 Enterprise Center
Newport, RI 02842
Federal Regulator Department of Housing and Urban Development (HUD)
Years 2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 57,717
Total Mortgage Loan Application Amount $8,825,029,000
Average Mortgage Loan Application Amount $124,522
Highest Mortgage Loan Application Amount $1,925,000
Average Applicant Income $53,594
Highest Applicant Income $3,600,000

Mortgage Loan Application Detail Totals for Embrace Home Loans, Inc. in 2014

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Refinancing 51,170 $7,494,635,000 $146,000 $1,925,000 $57,000 $3,600,000
Home Purchase 6,557 $1,331,538,000 $203,000 $1,875,000 $84,000 $2,444,000
Home Improvement 0 $0 $0 $0 $0 $0

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
White 28,418 $4,509,424,000 $158,000 $1,875,000 $64,000 $2,444,000
Not Provided 20,565 $3,008,598,000 $146,000 $1,925,000 $56,000 $3,600,000
Black or African American 4,916 $655,698,000 $133,000 $1,250,000 $52,000 $1,392,000
Hispanic 2,831 $436,528,000 $154,000 $915,000 $58,000 $2,148,000
Asian 774 $177,939,000 $229,000 $1,650,000 $80,000 $594,000
American Indian or Alaskan Native 165 $26,368,000 $159,000 $529,000 $66,000 $1,104,000
Native Hawaiin or Other Pacific Islander 58 $11,618,000 $200,000 $1,120,000 $96,000 $588,000
Not applicable 0 $0 $0 $0 $0 $0

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 26,965 $4,415,245,000 $163,000 $1,925,000 $68,000 $3,600,000
FHA-insured (Federal Housing Administration) 25,786 $3,540,168,000 $137,000 $700,000 $52,000 $1,500,000
VA-guaranteed (Veterans Administration) 4,413 $782,448,000 $177,000 $921,000 $61,000 $444,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 563 $88,312,000 $156,000 $396,000 $51,000 $1,123,000

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Application Denied By Financial Institution 43,008 $6,178,436,000 $143,000 $1,755,000 $54,000 $2,444,000
Loan Originated 11,197 $2,035,420,000 $181,000 $1,875,000 $77,000 $1,644,000
File Closed For Incompleteness 1,688 $267,999,000 $158,000 $1,925,000 $74,000 $3,600,000
Application Withdrawn By Applicant 1,496 $269,009,000 $179,000 $1,463,000 $75,000 $880,000
Application Approved But Not Accepted 176 $42,484,000 $241,000 $1,425,000 $95,000 $563,000
Loan Purchased By The Institution 162 $32,825,000 $202,000 $688,000 $111,000 $530,000
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial Institution 0 $0 $0 $0 $0 $0

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 0 $0 $0 $0 $0 $0
Debt-To-Income Ratio 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0